After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

So far, we’ve covered:

Step #1 - Pick Your Market

Step #2 - Build Your Team

Step #3 - Getting Setup

Step #4 - Find The Money

Step #5 - Find The Deals

Step #6 - Analyze Deals & Make Offers

In today’s email, I’m going to cover Step #7:

Due Diligence

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Once you get an offer accepted, it’s super important that you check that house out from top to bottom, and make ABSOLUTELY SURE it’s going to be a good investment.

I’ll go over how to do that below.

You ALSO want to make sure that the contract you are signing (and the one you are being “assigned”) give you time to make that happen…

WITHOUT forfeiting your earnest money.

Let’s dive...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

So far, we’ve covered:

Step #1 - Pick Your Market

Step #2 - Build Your Team

Step #3 - Getting Setup

Step #4 - Find The Money

Step #5 - Find The Deals

In today’s email, I’m going to cover Step #6:

Analyze Deals & Make Offers!

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One the wholesalers send you the deals you are asking for, it’s important that you take action on them. The last thing you want to do is ignore their emails.

That will destroy the relationship and your chances of getting future deals from them.

So, you need to take time to analyze the deal, and MAKE AN OFFER.

It doesn’t have to be your final offer, just give them what you think you could pay, contingent upon getting inside the house...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

So far, we’ve covered:

Step #1 - Pick Your Market

Step #2 - Build Your Team

Step #3 - Getting Setup

Step #4 - Find The Money

In today’s post, I’m going to cover Step #5 - Find The Deals

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Finding the deals is a crucial step. You want deals with cashflow and equity (although cashflow is most important).

You also don’t want to have to set up complicated marketing and sales systems to do this. It’s

not necessary (or affordable) when your goal is to acquire a handful of rentals each year.

Because of that, I recommend only ONE strategy for finding deals…

WHOLESALERS.

The people who are already spending money on marketing…

Talking to sellers…

...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

So far, we’ve covered:

Step #1 - Pick Your Market
Step #2 - Build Your Team
Step #3 - Getting Setup

In today’s post, I’m going to cover Step #4 - Find The Money

**********************

Finding the money is maybe the most important step.

Not because it’s hard.

Because it gives you the most CONFIDENCE to move forward.

(And mindset is everything)

Here’s an overview of your major options when it comes to financing rental properties:

Residential Lenders

• This is your typical mortgage lender. They do 30 year fixed loans at the lowest interest rates. You can only get 10 maximum, you need 15-20% down, and there’s tons of paperwork. But if you can get approved for them, and you have the...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

So far, we’ve covered:

Step #1 - Pick Your Market
Step #2 - Build Your Team

In today’s post, I’m going to cover Step #3 - Getting Setup

**********************

Getting setup is a bit technical and boring, but it’s CRITICAL to having this whole thing automated, and to protecting yourself. 

Here are the steps:

Create Your LLC - Set this up so you can open a bank account under it afterwards. Consult with a RE attorney if you need help. I’ve set them up myself before, it’s not too difficult. You may need an operating agreement in some cases, too. The LLC is basically your insurance policy, it will protect you if you get sued or something. You will buy all your houses inside...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

In last week’s post, I covered step #1 “Pick Your Market”

In today’s email, I’m going to cover step #2 - Build Your Team

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Having a team in place is the key to the whole thing. You’re both leveraging the knowledge of others…

And also delegating everything so that you can actually have passive income. 

Here’s the core “team” you need to get your first 12 houses:

1. Project Manager - This is the person who oversees your rehabs and communicates with contractors and inspectors. You pay them roughly $1,500 per rehab, so this is an as-needed, very part-time hire. Look for someone local who has good management and organizational...

After coaching so many people through the process of buying cashflow properties and replacing their income…

I’ve arrived at a “framework” that I have my clients follow.

This 9 step process is the most logical and effective way to build your portfolio.

In today’s email, I’m going to cover Step #1 - Pick Your Market

**********************

Some of you may think you don’t NEED this step. You may already be familiar with (or even live in) a market that is great for rental properties. 

Still, it’s critical that you test your assumptions against the data. 

Make sure the market you invest in meets the criteria below. 

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Criteria #1: Rent/Price Ratio - Ever heard of the 1% rule? It’s where one month’s rent = 1% of the all-in price (purchase + rehab).

Example: $900/month in rent, $90,000 all in price. $900/$90,000= .01 (1%)

You need to do better than that. I like buying houses in the 1.3 to 1.6...

Last week I was in Columbia, TN visiting our amazing team…

And checking out a house we are currently renovating.
I did a video tour of the house, to show you guys the types of deals I buy…

That net me 3-4K every year.

It doesn’t take too many of these to pay the bills, guys.

Check this out:

CLICK HERE TO WATCH THE VIDEO

(You may have to join the FB group to see the video, but that’s a good thing! All videos are streamed live there as they are recorded)

Brian

So if you’ve been following along with the last few emails…

You can see that my mission is to get people into their first 12 rental properties..

(Which equals the average American income...but you don’t have to work!)

I’ve sent out the 12 Houses Spreadsheet, which shows you exactly how 12 houses can replace your income.

I’ve sent out the Roadmap To Your First 12 Houses, which outlines exactly the steps required to GET your first 12 houses. 

So what’s next???

Well, here’s the truth.

There’s a S#@$ load of other details that goes into doing this RIGHT.

That’s plain to see.

A mere spreadsheet and an outline aren’t going to get you 12 houses.

There’s many questions you’ll have along the way. 

That’s why I’ve designed a comprehensive, A to Z online course…

That literally walks you through EVERY STEP…

And includes personal contact with me and my team (coaching) for the questions...

What’s up guys!

So I’ve put together a cool outline for you…

To entirely map out, step-by-step, the roadmap you need to follow…

To get to your first 12 rental properties.

Why 12?

Because 12 houses, even when they all have a loan on them, is the same income as making 50K a year at a normal job.

It’s the average American income….but without working!

It’s goal #1 if you want passive income and freedom.

Tons of people have already gotten their first 12….

Will you be next?

Click any link in this email to download the roadmap.

Then, as you take action, highlight the sections to show you have completed them.

If you get hung up, you’ll know exactly WHERE.

Tip: This document is the WHAT, not the HOW. You will need to figure out how to do each step.

What I’ve done is lined the dominoes up for you, so you can knock them down. 

CLICK HERE TO DOWNLOAD THE ROADMAP

Once you check it out, let me know if you have...